Money Trade Coin Group Presents Lokmat Corporate Excellence Awards 2018

We are glad to share that ‘Money Trade Coin Group’ has associated with Lokmat Corporate Excellence Awards 2018 as a title sponsor, Event is scheduled on 10th March 2018 at Four Season Hotel, Upper Worli, Mumbai from 6:00 PM onward.

The Lokmat Corporate Excellence Awards recognizes the stalwart companies and individuals who have helped India’s corporate standards and corporate governance for more sustainable

development and foster the positive impact on society as well as businesses. Dr. Amit M. Lakhanpal, Founder & Director of Money Trade Coin Group had felicitated with Business Excellence Awards in 2015 for his outstanding achievements in Real Estate industry. 

Money Trade Coin group under the vision of Dr. Lakhanpal have achieved milestones in every sector of cryptocurrency.  Money Trade Coin has been a pre-dominant cryptocurrency all over the world which has acquired a considerable attention to competing with the lucrative market of digital tokens.

Highlights of the ET Edge Maharashtra Achievers’ Awards 2018 Presented by Money Trade Coin Group

The acknowledgment of important contributors and achievers from various industries is not regarded as a frequent occurrence. However, when a ceremony is held to honor accomplishments of the few who excel in their field, this is an occasion to behold. On February 26th, 2018, the first-ever ET Edge Maharashtra Achievers’ Awards was held at St. Regis Hotel in Mumbai. The event was sponsored by the Money Trade Coin Group, Ajeenkya D.Y Patil University, and supported by Femina, from the Worldwide Media group.

Numerous performers from the field of Business, Sports, Media, Technology, and more were awarded on the day and in the presence of Chief Minister of Maharashtra Shri Devendra Fadnavis and other VIPs like Minister of Finance & Planning Shri Sudhir Mungantiwar and Minister of Water Resources Shri Girish Mahajan. The founding director of Money Trade Coin, Dr. Amit Lakhanpal, had much to deliver at the event and commemorate the efforts of all revered guests. In his speech he remarks,

"It gives me immense pleasure to be associated with 'Maharashtra Super Achievers Awards' where talents from various fields are appreciated and felicitated for their exceptional accomplishments. 

India is recognized as a heterogeneous land and to provide a stage where people from all walks of life can come together and share their experiences is in itself commendable. We all know, 'Progress is achieved only through sheer dedication'. And to achieve the dream of a Developed country, 'it is imperative to work in Unison and to identify and compliment talents.' I hope this initiative inspires many others to dream and achieve bigger."

Other respected spokespersons at the event like Mr. Deepak Lamba, CEO of Worldwide Media, Ms. Tanya Chaitanya, Chief Community Officer of Femina, and Dr. Ajeenkya DY Patil, President of Ajeenkya DY Patil University, all delivered their congratulatory speeches on the accolades of the chosen winners. ET Edge, Money Trade Coin Group, and Femina have inspired many to honor future talented leaders of Indian industries and support their growth. 

Cryptocurrency- Primary Terms you should aware of

Cryptocurrency has fully conceptualized in the finance sector and will be mainstream in the economy soon. There are still people left out and confused about the jargons related to cryptocurrency and have no idea about the working of these digital tokens. Here are some of the terms which you should know before using cryptocurrencies.

1.     HODL

HODL was formerly originated from a forum post where the user misspelled ‘HOLD’ as ‘HODL’ in one of his post. Since then the term has gone viral, which is popularly abbreviated for ‘Hold On For Dear Life’. It attributed to the sentiment among the crypto-geeks to be fearless because of the volatility and hold on to their coins.

2.     Altcoins

Coins other than Bitcoins are referred to as Altcoins. Altcoins are the subdivided version of the cryptocurrency with less potential value or use. These coins are typically promoted or referred to by people who are holding them. 

3.     FUD

It stands for ‘Fear, Uncertainty, and Doubts’. FUD is a disinformation strategy to spread negativity and propaganda used by someone who wants to create a ruckus among the crypto holders. They usually pass on the false message concerning the price drop of certain coins.

4.     Pump and Dump

People frenzy about bitcoin had gained a lot of attention, many investors showed interest which leads to the fast price increase. They later pile up the coins and diminish the supply, this ends up the course followed by the huge crash. Traders buying coins in high volume are the one who pumps, they may wish to sell out the coins. Whereas, the dumpsters are the one who purchases these coins and sell at higher price.

5.     Bullish and Bearish

Bullish: Estimation of the coins to get high. For instance, optimistic analysts are predicting the price of Bitcoin to raise about $300,000-$400,000

Bearish: Estimation of the coins to get low. Other altcoins are generally bearish as people do not see value in them or see a lesser value. 

6.     Bagholder

Altcoin holders even after facing a crash may refer to as bagholder, seeing the value of the coins sinking and having no scope in the future to get a rise. The term is also referred to the traders who purchased coins at a high value but ending up by selling at a wrong time (when the coin is worthless).

7.     Shilling/Pumping

The act of endorsing coins in public, these are the traders who purchased coins at the rate of ‘pennies’ which is also termed as shilling the coin, anticipating the public’s interest to increase so that the price can take a surge or pump up in the future.  

Futurists Make Cryptocurrency Forecasts for 2030

As futurist and visionary speaker Thomas Frey predicts, the world financial system will one day be decentralized. He is an author as well as a senior futurist at Da Vinci Institute and his latest forecast states that the next big move for cryptocurrency is the acquisition of all fiat currency within the next ten years or so. In an interview with Time’s Money, he declared that cryptocurrency is becoming a more stable, permanent system and will shake traditional banking by replacing around 25% of all state currencies as soon as 2030. This is because they are far more efficient to use.

Although Bitcoin and other currencies are used for digital payments or assets, they are not yet a very popular option to be offered by numerous retail stores and online businesses in the US and UK. This means that his prediction could really change the way transactions are made, both online and offline.

Frey draws attention to the International Monetary Foundation and its managing director, Christine Lagarde, who has previously stated that cryptocurrencies have the potential to replace traditional centralized banks and internet banking. He points out that this statement coming from the director of IMF is quite notable. His comparison of Bitcoin with real estate trades is not far off from how the US Internal Revenue Service (IRS) describes it- as property. According to Frey, a Bitcoin user is simply parting with a portion of their digital piece in the cloud. However, the difference is that cryptocurrencies do not receive tax benefits like real estate does.

New Asset Class

The 21st century has seen many prophesizes of crypto finance and their impact on the world economy. Another noteworthy mention is James Canton, the CEO of Institute for Global Futures. He has observed what many futurists alike have, “the legitimization of a new asset class emerging alongside the traditional global economy”.

He equates this asset class to the use of stocks or bonds and that both function in a volatile market capable of peaking and dipping. No matter the uncertainty resulting from cryptocurrency trade, there is a prospect in testing the waters. More and more crypto holders are joining the crypto market and Canton foresees an increase in the number of crypto holding vehicles in the near future.

The Future of Cryptocurrency and Philanthropy

As most people assume, Bitcoin and other cryptocurrency are in the tech industry for trading and investing in order to make a profit on the market. However, if you consider the alternative which is philanthropy, a few companies are quite profound at doing just that.

Using Cryptocurrencies to Fundraise

Many charities are experimenting with cryptocurrency donations and some of the most prominent names involved are Red Cross, Save the Children, United Way and the Electronic Frontier Foundation. There is a clear ascension in number of donations with cryptocurrency. One of the biggest funds for donors, Fidelity Charitable, holds more than 69 million dollars worth of crypto donations as of 2017.

More recently, a number of programmes and schemes in the world of crypto philanthropy have come to notice. Such platforms embrace crowdfunding sites like BitHope for donating Bitcoin to your charity of choice. Other apps like GiveTrack and Alice are used to trace the movement of funds from account to charity, all on Blockchain, and confirm that select foundations have received allocated donations.

Non Profit Specific Coins

Besides making donations with Bitcoin and tracking its progress on applications, there are a number of coins created by organisations for their social and ongoing projects. There are coins for exact purposes like the one created by Charity: Water, called Clean Water Coin for raise money for the charity that works to supply clean drinking water to people all over the world. Another called Pinkcoin, is a coin that alerts traders use it to donate to specific charities as well as get a return on their funding. This coin is registered as a major cryptocurrency contender and does well in the market.

Foundations for Crypto Donations

An anonymous philanthropist has recently created a charity foundation that aspires to donate 5,057 Bitcoins. The charity is called the Pineapple Fund and has reached out to numerous contributors who have collectively given away 56 million dollars to 56 chosen charities. The creator, 'pine' holds the slogan, “Because once you have enough money, money doesn’t matter.” as a justification for his contributions.

With this use of Blockchain, a more credible process of donations to charities can be established. Most people have little trust in the working of bog charity organisations, speculating that these use a sizeable portion for their operations and little goes into the actual relief funds or projects. However, with a Blockchain system these doubts can be resolved with transparency in transactions, decreased operating costs, and overall efficiency in the process. These cynical ideas can be undone and lead to increased donations.

In a few years, with the success of Bitcoin and Blockchain technology, these foundations can all have their own set of cryptocurrencies or coins to maintain the flow of donations digitally. An exchange can be created on a token system focused solely on the purchase and selling of these coins by traders and donators. This may even create a new approach to philanthropy where charities as well as philanthropists profit from trade of foundation specific coins for the improvement of those in need. Gathering funds could be made easy for Non Profit organisations by mining of tokens.

Although the future holds so many possibilities, there are still limitations that stand in the way. Blockchain is a relatively new and unexplored system that still has a lot to be discovered by a majority of the public before it becomes mainstream. Most countries have not defined their legal stance on the trade of Bitcoin and many people do not have enough grasp of its operations.

Thus, it will be a while before crypto philanthropy is recognised and utilised for donations and fundraising.

Calling Out the Blockchain Gender Gap

There is no excuse for the lack of female representation in the Blockchain industry. More so, it is unacceptable for any industry. This pattern of young male entrepreneurs leading and monopolizing the world of technology has been going on for ages, prominently in the Silicon Valley, and now we think it has been endured for too long.

In the world of Blockchain women are simply not major contenders in an investment of cryptocurrency as they make up a small portion, 4 to 6 percent, of overall blockchain investors. This may be a result of the male-oriented clubs that have surfaced like “blockchain bros”, that tend to marginalize women and prefer exclusivity. This further makes it difficult for women to compete or even exist in such spaces. But Blockchain is supposed to be different. It came up with the ideology of creating a decentralized, transparent, and equal system for all. Surely with these values, it could foster inclusion and equality?

If there is already an inclination for male dominance so soon with the emergence of Blockchain, where does that put women in the near future of cryptocurrency? This behavior can influence the industry for years to come, making equality a questionable prospect. An article in the Times highlighted a tweet by venture capitalist Alexia Bonatsos, that urged women to ‘consider crypto’, ‘otherwise the men are going to get all the wealth, again’.

Why is This the Reality?
How is it that women do not enter the sacred space of Blockchain, and are not already big players in these digital investment plans? Speculations of exclusion come from women being judged for their qualifications in the industry, but it is not necessary to possess a degree to be a good investor. Those who pursue careers as analysts, investors, engineers, and more are at times criticised for their appearance and ability to be a part of the crypto world. It certainly does not help that a recent Bitcoin convention was held at a Miami strip club.

However, despite the obstacles, there are leaders in the industry that try to create the opportunity and platform for women to join Blockchain. These projects show definite progress and will draw thousands to become investors.

Reclamation

According to the Director of Development at Digital Currency Group , Meltem Demirors, there is a prospect for change that will force the old and biased system to go female. She reports that the number of female Blockchain startup founders is increasing as well as the admission of female investors in crypto venture capital. Although there is still a long while to go before all is fair, she remains positive.

With the help of startups and major companies promoting diversity in the industry, Money Trade Coin Group would also reinforce such initiatives and will set the wheels in motion for equality in the future.

3 Imperatives about Blockchain Technology

In this rapid growth of Internet and technology, the phase of business has taken a massive turn. Where initially everything was at medium paced, everything has now turned digital. The advent of Blockchain Technology has surged the financial markets tremendously and also given a new hope to entrepreneurs.

Before taking on the dais and exploring this innovative world of Blockchain Technology, it is imperative to comprehend and understand the implications, benefits of the technology. It will help entrepreneurs to successfully utilize the benefits of this cutting-edge technology to run and survive in this competitive market system.

1) Fresh Fundraising Technique

Capital is one of the biggest concerns for a new business venture. It becomes extremely difficult to get investors on board for huge amounts of money. And the need for capital to kick-start the ideas into action is a never-ending process.

The Blockchain economy plays a significant role here as it allows one to raise capital through ICO. 

An Initial Coin Offering, commonly referred to as an ICO, is a new technique that is used to generate capital for cryptocurrencies. It is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for Bitcoin and Ethereum. The idea is similar to that of IPOs where investors purchase shares of a company.

2) A Smooth Functioning System

Gigantic companies and industries face thousands of problems which sometimes are caused due to human errors. Keeping all the departments intact and in place is a big responsibility for all. The need to supplant an intermediary to keep a check on the activities has become the need of the day. As such, Blockchain Technology helps to suffice this need by offering probable solutions to most of the difficulties. Entrepreneurs can abstract this technological breakthrough and apply it to a number of pressing problems. Be it marketing, sales, B2B or a trading platform, the implementation of this efficient technology can aide a company to run smoothly and steadily.

3) Decentralised System

Blockchain technology represents a decentralized system. That means the power lies with the people using the same. No external force, the government can intervene in its utilization. The peer-to-peer network provides complete Transparency. It thereby eliminates the risk of loss, frauds, corruption, hoarding, Hacking, and manipulation. All in all, it restores the power to the community as a whole.